Index Trend Analysis Report
Prepared for you on Wednesday, January 20, 2021.
BNY Mellon Africa DR Total Return Index (CME:BKDAFT)
Sidelines Mode (+50) - BKDAFT is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until BKDAFT can gain momentum.
Is it time to buy, sell, or avoid BKDAFT?
MarketClub looks at technical strength and momentum to determine if the timing is right for BKDAFT.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BKDAFT
The long-term trend has been DOWN since Oct 28th, 2020 at 880.46
The intermediate-term trend has been UP since Dec 7th, 2020 at 873.33
The short-term trend has been UP since Dec 16th, 2020 at 874.70
Smart Scan Analysis for BKDAFT
Based on our trend formula, BKDAFT is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||900.58||52wk High Date||2018-01-25|
|52wk Low||715.35||52wk Low Date||2018-11-27|